https://www.taxtmi.com/caselaws?id=772794 The Bombay HC held that reassessment proceedings were invalid due to non-disposal of assessee's objections before passing the assessment order under Section 147 r/w 144B of the IT Act. The court found breach of natural justice principles, rejecting the revenue's contention that no formal objections were filed. The assessee had clearly objected to alleged bogus transactions and stated no acquaintance with the concerned person. Despite objections filed in July 2021 and compliance with notice requirements by March 2022, the assessing officer incorrectly claimed time-bar issues. The HC remanded the matter for proper disposal of objections first, following GKN Driveshafts precedent. en-us Mon, 09 Jun 2025 00:00:00 +0530 Fri, 13 Jun 2025 08:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772794 The Bombay HC held that reassessment proceedings were invalid due to non-disposal of assessee's objections before passing the assessment order under Section 147 r/w 144B of the IT Act. The court found breach of natural justice principles, rejecting the revenue's contention that no formal objections were filed. The assessee had clearly objected to alleged bogus transactions and stated no acquaintance with the concerned person. Despite objections filed in July 2021 and compliance with notice requirements by March 2022, the assessing officer incorrectly claimed time-bar issues. The HC remanded the matter for proper disposal of objections first, following GKN Driveshafts precedent. Case-Laws Income Tax Mon, 09 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772794